River
Summary active Updated Aug 5, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
River is a Bengaluru-based Indian electric two-wheeler startup founded in 2021 by Aravind Mani (CEO) and Vipin George 12. The company focuses on utility-oriented electric mopeds and has scaled primarily on the strength of a single model, the Indie, which launched in 2023 and is priced at approximately ₹155,000 (~$1,630) 1. River currently sells roughly 6,000 vehicles per month and has distributed more than 50,000 units to date, targeting self-employed customers aged 28–35 1. The company competes with newer entrants Ather Energy and Ola Electric as well as legacy manufacturers Bajaj Auto and TVS Motor 1.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-08-05 | Series C | $120M | Elev8 Venture Partners, Claypond Capital | Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital, HDFC AMC, Yamaha Motor, Al-Futtaim Group, Mitsui 12 |
The Series C brings River’s total capital raised to $144M, of which less than 12% was venture debt; the equity portion was entirely primary 12. Yamaha Motor, Al-Futtaim Group, and Mitsui participated as existing backers 1.
What Investors Say
No independently sourced investor quotes about the round available at time of profile creation.
What Founders Say
No independently sourced founder testimonials found at time of profile creation.
Sources
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TechCrunch, “Indian EV two-wheeler startup River raises $120M after scaling with one model,” August 5, 2026. Accessed August 2026. https://techcrunch.com/2026/08/05/indian-ev-two-wheeler-startup-river-raises-120m-after-scaling-with-one-model/↩↩↩↩↩↩↩
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SiliconIndia, “River EV Raises $100 Million Series C Led by New Investors Round,” August 2026. Accessed August 2026. https://www.siliconindia.com/startup/startup-funding/river-ev-raises-100-million-series-c-led-by-new-investors-round-nwid-54340.html↩↩↩